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Strabag to Build Rail Tunnel in Toronto
Strabag has had an infrastructure contract in Toronto awarded to its Canadian subsidiary. The scope of the work includes the construction of a 180 m long tunnel under Highway 401 to accommodate two tracks operated by Ontario's public transport agency Metrolinx. The full investment volume amounts to about EUR 77 million.
January 17, 2018
Andritz Receives 90 Million Euros Order for Power Plant Renewal in Canada
The listed technology group Andritz has landed a major order for the renovation of a hydroelectric power station in Canada. "The order value is over 90 million euros," said Andritz by press release. The Styrian company will therefore renew six of the eight turbine units of a power plant in the province of Saskatchewan for the Canadian electricity supplier SaskPower.
October 31, 2017
Andritz receives hydropower refurbishment contract in Canada
International technology group Andritz has received a contract from SaskPower, the leading utility company in the Canadian province of Saskatchewan, to refurbish the E.B. Campbell hydroelectric power station on the Saskatchewan River. The contract value amounts to over 90 million euros.
October 31, 2017
Executives of Austrian Companies in the US and Canada Met in Chicago
For the second time, the Annual Conference for Executives of Austrian Subsidiaries returned to Chicago. A group of renowned financial, legal, economic experts and consultants presented an outlook on the business environment as well as forecasts for the US and Canadian economies to an audience of some 100 top-level Austrian executives and important decision makers from a variety of industries.
October 8, 2015
Magna Steyr Aimes for full Capacity Utilisation at Graz Plant
The car manufacturers Jaguar Land Rover are moving part of their production from England to Austria. With new orders from Jaguar Land Rover, BMW and Daimler, the medium-term vehicle production at the Magna plant in Graz is set to return to levels in excess of 200,000 per year.
September 11, 2015
Update: Enquiry into TTIP and CETA Agreements
Details about the negotiation progress at Austria’s National Assembly have meanwhile been released. The Transatlantic Agreement CETA with Canada and the TTIP agreement with the USA have been cause for disagreements. The assembly has adopted a motion for resolution of the Social Democratic Party (SPÖ) and Austrian People’s Party (ÖVP) concerning the transatlantic economic agreements with Canada (CETA) and the USA (TTIP). The motion calls for transparency of negotiations and ratification of the agreements by national parliaments.
September 25, 2014
Canada's Foreign Affairs Minister John Baird Visits Austria and The Balkans
Canada's Foreign Affairs Minister John Baird today announced that he will visit Croatia, Serbia and Albania. The visit to the Balkans comes after Baird spoke about Ukraine and other global security issues at a high-level forum in Salzburg, organized by the International Peace Institute and the Salzburg Global Seminar.
August 27, 2014
Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City
The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).
July 25, 2014
Strabag to Build Outfall Tunnel in Canada
Publicly-listed construction group Strabag has secured a new contract in Canada: In its winning tender, the company agreed to build the Mid-Halton Outfall Tunnel for CAD 79 million (approx. EUR 54 million). The project centres on the excavation of two 60 m deep shafts and a 6.3 km rock-bored tunnel that is designed to carry treated effluent water from the water treatment plant in Oakville into Lake Ontario.
July 17, 2014
Sanction Imposed on Expobank
Russian-Latvian Expobank was added to the Canada’s black list.
May 9, 2014
Vienna: City with Highest Quality in Life
Just like last year Vienna is on top of the list of the major cities with the highest life quality. Baghdad ranks last in the survey carried out by Mercer.
February 19, 2014
EU: Current Account with Russia Deep in the Red
EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.
July 18, 2013
Poland: Dispute Over Shale Gas Law
Polish Finance Minister Jacek Rostowski has criticized the Environment Ministry for the planned national participation in the production of shale gas.
May 24, 2013
Three Major Energy Companies to Withdraw from Poland
After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.
May 16, 2013
Magna Negates Downsizing
The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.
May 6, 2013
Magna: Workstaff in Europe to be Reduced
According to CEO Walker the factory in Graz needs to become more efficient.
May 6, 2013
Voestalpine to Announce Decision on Expansion Into North America
The Austrian steel group plans a major investment in North America. According to voestalpine´s CEO Wolfgang Eder, the decision will be announced in February.
February 9, 2013
Voestalpine Acquires Canadian Sturdell Industries
The Vienna-listed voestalpine Group continues to further expand its market position in North America by undertaking an acquisition in its special steel segment.
December 7, 2012
„Developing Our Traditionally Good Cooperation with Canada Further“
The Austrian State Secretary Waldner meets his Canadian counterpart Diane Ablonczy.
July 3, 2012
Austrian Automotive Industry in NAFTA Markets
Austrian companies from the automotive sector present themsevels in Detroit on October 25th.
July 2, 2012
Austria Connect Canada 2012
2nd Austria Connect Canada 2012 Conference: Intensive exchange of experiences and views in Toronto on Research and Development.
June 28, 2012
Century Casinos Closes $ 27m Credit Agreement
The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.
May 30, 2012
Decreasing Production at Magna Austria
The Canadian automotive component supplier records rising revenues and profits. The Austrian subsidiary registers a cut of 10% in production.
May 11, 2012
Austrian Exports to Canada up by 4.5% in 2011
Bilateral trade between Austria and Canada reaches € 1.13bn. Canadian Exports to Austria were down by 1.9%.
May 7, 2012
Canadian Valeant Buys Assets of Gerot Lannach
The Austrian drugmaker Gerot Lannach sells its acetylsalicylic acid business in Russia. The sale price amounts to $ 185m.
March 13, 2012
Canada as Growth Market for Austria´s Environmental Technologic Industry
This week, the Canadian environmental trade fair “Globe 2012” will be held in Vancouver. For Austrian environmental technology suppliers, Canada may be a promising market.
March 12, 2012
Automotive Industry Outlook in NAFTA Markets
In October, an automotive mission to Mexico and Detroit will be held by the Austrian Trade Commissions Mexico, Toronto and Chicago.
March 12, 2012
Magna: Production on the Rise
The Canadian automobile supplier company increased its sales by one quarter. In Austria, car production was up by 51%.
February 25, 2012
Pecik is Said to Enter AMAG
The Austrian investor, who holds a 20% stake in Telekom Austria, seems to be interested in the Austrian aluminum producer AMAG
February 23, 2012
AMAG to Become New Owners?
About one third of Austrian aluminum producer´s shares are for sale. Raiffeisen and B&C are potential buyers.
February 4, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
Styrian Mining Company Causes Problems for Austrian Banks
The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.
December 28, 2011
Magna Powertrain Expands in Styria
The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.
December 6, 2011
Vienna Has the Best Living Standard
The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.
November 29, 2011
Bombardier Considers to Leave Vienna
The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.
November 14, 2011
AMAG Builds New Plant in Canada
The Austrian aluminum manufacturer participates in a CAD 1.5bn contract. AMAG´s share is 20%. The project brings a new capacity of 355,000 tons.
October 31, 2011
Austrian IT Service Provider Expands to Canada
The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011
AMAG to Expand Capacity of Canadian Smelter
The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.
September 16, 2011
Strabag Bores New Tunnel in Canada
The Austrian construction group won a € 200m contract for a wastewater tunnel in the Greater Toronto Area. It is a follow-up order after completion of tunneling below Niagara Falls.
August 29, 2011
Frank Stronach to Apply for Casino Licenses
The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.
August 26, 2011
Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 2011
€ 110m Project for Andritz
The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.
March 29, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
Magna Pushes its Presence in Emerging Markets
The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.
February 12, 2011
Kapsch TrafficCom Names new CEO for its North American Operations
The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.
February 2, 2011
Magna Expands Styrian Plants
The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.
January 22, 2011
"Conversations about the Future" between Austrian and Canadian IT companies
The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.
January 22, 2011
Bright Outlook For Magna
The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.
January 14, 2011
Stronach Sells Shares to Magna
The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.
December 30, 2010
Change in Magna´s Management
The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.
December 22, 2010
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